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The S&P 500 is on track for its first gain since Christmas, rising 1.1% in afternoon trading, driven by Nvidia's 4.5% increase. Despite a recent pullback, concerns about inflation and high stock prices persist, while U.S. Steel fell 5.6% after a blocked acquisition. Global markets reacted variably, with South Korea's Kospi gaining 1.8% amid political instability.
U.S. equities rebounded at midday, buoyed by optimism for nuclear energy and Tesla's recovery from disappointing delivery numbers. Vistra, NRG Energy, and Constellation Energy surged due to rising electricity demand for AI data centers, while U.S. Steel shares fell after President Biden blocked Nippon Steel's takeover on national security grounds. Alcohol stocks declined following health warnings about drinking and cancer.
Wall Street rebounded on Friday, with the S&P 500 rising 1.3% for its first gain since Christmas, driven by strong performances from Big Tech stocks like Nvidia and Tesla. The Dow Jones gained 339 points, while the Nasdaq jumped 1.8%. However, U.S. Steel fell 6.5% after a blocked acquisition, and alcohol companies dropped following health warnings about cancer risks associated with consumption.
The S&P 500 is on track for its first gain since Christmas, rising 1.1% in afternoon trading, while the Dow Jones increased by 258 points. Nvidia led the rally with a 4.5% rise, despite concerns over high tech stock prices, while Tesla rebounded 5% after a previous drop. However, U.S. Steel fell 5.6% following a blocked acquisition, and alcohol stocks declined after health warnings linked consumption to cancer risks.
Vivek Murthy
People
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s and p 500 rebounds as tech stocks drive market recovery
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19:24 03.01.2025
us equities rebound as nuclear energy demand boosts stocks and tesla recovers
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Vistra Corp.
GENERAL MOTORS
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17:50 03.01.2025
s and p 500 posts first gain since christmas led by big tech stocks
NVIDIA Corporation
Tesla, Inc.
Brown-Forman Corp
U. S. Steel Canada Inc. Retirement Plan for CAW Local 523 Employees of the Former Stelpipe Ltd.
Palantir Technologies Inc.
Super Micro Computer, Inc.
Rivian Automotive, Inc.
Molson Coors Beverage Co
JPN
USA
Vivek Murthy
Solita Marcelli
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05:12 03.01.2025
s and p 500 rebounds as tech stocks drive market recovery
NVIDIA Corporation
Tesla, Inc.
Brown-Forman Corp
U. S. Steel Canada Inc. Retirement Plan for CAW Local 523 Employees of the Former Stelpipe Ltd.
Super Micro Computer, Inc.
Rivian Automotive, Inc.
Molson Coors Beverage Co
CHN
JPN
USA
Solita Marcelli
Seth Wenig
Joe Biden
Vivek Murthy
Donald Trump
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05:12 03.01.2025
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